Overview of Rajarhat and Bhangar, South 24 Parganas

Whenever thinking about buying or renting property in Rajarhat and Bhangar in South 24 Parganas district, certain key points should be remembered:

Rajarhat, Kolkata

Location and Popularity

• Rajarhat is a fast-growing suburb in northeastern Kolkata, celebrated for its modern infrastructure and connectivity.
• People like it because of its closeness to Netaji Subhas Chandra Bose International Airport and the IT hub of New Town.

Property Prices and Trends

• Usually, ₹5,350 is the average price per square foot for apartments in Rajarhat.
• Flats cost from ₹20.2 lakhs to ₹51.92 lakhs for a 1 BHK unit with larger units costing even more.
• Land rates move from ₹1,100 to ₹2,800 per square foot.
• Builder floor rates hover between ₹3,550 to ₹5,450 per square foot.

Price Appreciation

• In the last year, flat rates have grown by 13.8%, rising by 28.9% over 3 years, going up by 23.0% in the past 5 years, and climbing 67.2% in the past 10 years.
• Though builder floor prices have gone up by just 1.3% in the last year, in the long run, they have lost some value.

Availability and Types of Properties

• There are more than 1,359 properties available in forms like apartments, builder floors, and plots.
• The area mostly features apartments in various sizes.

Bhangar, South 24 Parganas

Location

• Bhangar exists in the South 24 Parganas district further from the central city but still part of the larger Kolkata metropolitan area.
• Compared to Rajarhat, it’s not as urbanized but is slowly developing.

Property Prices

• Generally, property prices in Bhangar are more affordable than in Rajarhat.
• Smaller units can start at around ₹12 lakh.

Development and Infrastructure

• Bhangar is developing but at a slower rate than Rajarhat.
• Infrastructure and amenities might not be as modern but provide an entry-level real estate option at cheaper rates.

Amenities and Connectivity

Rajarhat

• Strong connection through main roads and the metro rail system.
• Close to places like educational institutions, hospitals, shopping malls, and entertainment spots.
• Features a well-maintained infrastructure with current amenities, including parks, leisure spots, and community centers.

Bhangar

• Connectivity is less than that in Rajarhat, with a reliance on local transport.
• Basic amenities like schools, healthcare, and local markets are around but not as extensive as in Rajarhat.

PropertyWala's Conclusion

When choosing between Rajarhat and Bhangar for real estate, keep this in mind:

• Rajarhat has contemporary amenities, strong connectivity, and a high potential for price growth, making it a smart choice for a modern lifestyle and long-term investment. Yet, it comes with a higher cost.

• Bhangar, however, offers budget-friendly access to the real estate market and possible future growth. It suits those who seek economical options and can wait for infrastructure upgrades.

In the end, your choice hinges on budget, lifestyle desires, and investment goals. For modern living and strong connectivity, Rajarhat stands out. On the other hand, to save on costs with future growth prospects, Bhangar is a key contender.